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My pleasure doc; long time between reads and it does look pretty good for us diehards. The crim is out and now we can make a few $$$$$'s. Pax
It is my understanding that talks still are active. The other 4 major players in the fiber optic field are also involved. The equipment and gel samples brought over for the Atlanta's wire conf. were sold and Ian said they received orders from the other active suppliers. Hope you fill your buy order before GCC decides to run some PR.
There is no news to report this week. The directors of GCC are trying to work out a plan that will build the most return for our investment. Our partner in China is doing very well and this will be made apparent in the SEC filings. Once the auditor gets the required financials it will take 60 days to run the audits. In the mean time I would be a buyer.
A better question for the doubters is "Why are you still holding on to shares of this company?". A stock that is still trading after 2 years of not reporting tells me that the SEC is either a total farce or the SEC can't find any crimes. We shall see-if you care to stick around.
I am not saying that all companies that invest in China are not drawing out any cash. Your logic makes sense but in GCC's case what I stated is true. You can call the Hein group and ask them or Jeff Berg's office and hear what they have to say. Then post your findings. Whether you believe facts that I know are true is up to you. I'm invested and just post here to lend information not to try and misslead. Why don't you call the Unigel plant in China-ask Ian if any money is being filtered into any place but back into the operations. Now of course you can say he is lying-that is for you to decide.
i can only speculate that with the exposure this wire conference gave GCC that the ceo is trying to up the price for the Unigel sale. Or mabie the exposure to the US market will eventually lead to a plant here in the states. This move would allow GCC to have a revenue source not controlled by the Chinese government.
The auditors said they have not received any financial statements from the company. They understand that the plant in China is a profit maker but no money can be taken out of China, not even some to pay them for past work. I am thinking that nothing will be resolved till the CEO understands his duties to the shareholders.
I have spoken with the GCC lawyers and they offer no help-their respnse is always the same-"We are their council not yours, sorry we can't help you". The SEC won't give me a clue to what they are doing and the CEO just won't respond. The COB wants transparency of all business transactions but is getting very little from the UK boys. I can only report what my contact in China is telling me. Just have to have some faith that CEO will realize his duties as the head of a public company.
Update on wire conference: Company made a very good showing but no mention of this on Unigel site. I have not been able to get a response from our leaders in England so I have no clue as to what is on their agenda. No word on the sale of Unigel but I'm inclined to think GCC will keep this profitable plant. Problem is getting the revs out of China-management keeps plowing the money back into the plant and operations. I read where WTO-China deal is moving at a snails pace-seems to be the MO for all China related situations.
Check out the past filings-then find the past creditors and do some DD. If my facts are incorrect-correct me. This will be my last post here till company issues a PR.
Company officials stated that Quadrax will not file with the SEC-no 10Q or 10K. The company has basicaly no income generating capacity, the merger talks with Coleman Cable are defunct and EB will not put any more capital into this entity. The creditors are being offered 7 cents for their shares and have 30 days to respond. All shareholders are thus left with no recourse but to absorb the loss-one more time and this time it appears to be finality.
The last three postings have been removed by the IHUB administrator. They were spams regarding other websites and had nothing to do with GCC.
The manager of the SUTCO/Unigel plant, Ian Hetchell, is in Atlanta, GA. attending the wire conference. Ian said he would be glad to speak with any investor in GCC, as long as it does not interfere with his main objective-selling and promoting SUTCO/Unigel products.
I have not received any response from Gary Robinson (CEO) and the attorneys have nothing to offer regarding filings. Nothing new from the NY office nor from my Chinese contacts. The stock still trades so SEC must be satisfied with company's status.
I mentioned the fact that at least a NT-late filing could have been filed so we investors weren't left in the dark. CEO said he follows the mandates of EB-but did apologize. I think SEC filings cost money so maybe this is their reasoning. I told him it is bad for investor confidence not to keep us posted. We shall see where we are headed in a few weeks-I hope.
I spoke with the CEO and he said the auditors will release the 10K once everything has been reviewed. he 10Q will follow the 10K release. There is no point in calling the NYC office-there is nothing they can say or discuss with investors that will not be published in the 10K.
Gary is the CEO and John Allen is on the board of directors-he is the COB. Gary's e-mail address is printed in the message above. John Stark's office-enforcement@sec.gov will return your e-mail and if you want to speak with his office-give them your phone number. They called me back within a weeks time. Call Berg's office at 310-820-0083-they handle GCHC's legal affairs-they need to hear our concerns. Maybe then Gary will get off his position of not responding to investors. Leave a message on John Allen's answering service-he does listen to your phone messages-but he too is very frustrated by the CEO's lack of due dilligence. Remember this-John Allen is for us investors before he is for these clowns in the UK. I've spoken with Manfred Unger-1.4mm share investor-he is working for us investors and wants this company to move. Your voice is important-so don't think because you only have a few thousand shares that the SEC/company/attorneys don't listen. If this Unigel sale goes thru and your voice is not heard-we may end up with the crumbs. Make it clear to everyone you contact-that the money derived from tis sale goes straigt to the coffers of GCHC and not into managements pockets. Chief.
Send your opinions/complaints to :
ENFORCEMENT@sec.gov
Would also call Jeff Berg office: 310-820-0083 You won't get much information just log a complaint about CEO's lack of investor relations output.
Just received an e-mail from the manager of SUTCO. The booth will have reps from SUTCO-joint partners with Unigel. They are there to promote the joint ventures business not GCC/Unigel. The manager said he will be glad to meet with all or any investor in GCC but CANNOT answer questions regarding GCC. All inquiries must be directed to the CEO or board. I said that sounded great but the CEO hasn't responded to anyone in over 1 1/2 years. If any of you investors want to be heard. Send an e-mail to the CEO pronto and say your peace. Save the e-mail and if this guy doesn't respond-send it to the SEC. Then call the Berg office in LA and let them know these people are clowns. I already have but a chorus has more impact. Chief.
I checked with NY regarding who will attend and you are correct. It would be nice to have the CEO visit but doubt if he is interested. The lawyers for GCC have nothing to say regarding the company. Strange group of individuals running this company. I noticed that Unigel has put out a few more new products and they are doing well.
A very important meeting is taking place today and as soon as I get word on the content, I will post. Let us hope it is of a positive bent.
The end of a dirt road-enjoy! http://www.dobhran.com/greetings/GRinspire315.htm
An update-Company has just rented another office in NYC to help alleviate the crowding of additional personnel. No set date for 10Q/K releases but they wil be filed. These offices will also be handling Coleman & subs business transactions and future dealings. May be getting a filing date by the end of today's business.
Thanks for the site posting. To re-confirm your post-I just received a response from Unigel manager that they will attend the convention along with 700 other companies. I do not know the people who will man the booth but may find out shortly. I am glad to hear that the infamous Kit Kung no longer holds any shares in our company. This "loser" cost GCHC 2 years of company's time and money. Besides driving down the share price by unloading over 1mm shares, last year alone.
I have spoken with Tom a number of times and he always returns my calls. He has my respect. He also wants to be fair to all investors and thinks the proper avenue to release info regarding this company is thru the sec filings. I have asked him all questions that would give us a clue to this company's future. He always answers by saying that he is working hard to get all the problems cleared up so Quadrax can move ahead. You can try to gather more clues and post here so we can all learn. I invited Tom to come here and post but he is unwilling, so far. I can delete the posts of "wise guys" and make this a valuable thread to everyone interested. Stay tuned. Chief.
The major part of todays volume was the market makers churning. Common gimmick to get attention before these small companies come out with news. They play the Level2 junkies like a cheap guitar. Volume catches these mo/swing/day traders and then the news gives these con men a chance to pump the ask up. Well they had better do a super job because the numbers in these filings won't be vey good. Let us see how these mm jerks play this tune.
On the bright side-I think this market suffers from Mad Dow Disease"! I'll be in contact with Unigel next week to see how GCC is proceeding w/regards to it's sale. As of today there has been no deal closure. Stay tuned.
The 10Q will be released before the 10K-according to Mr. Desmond. I find that odd but maybe he mis-spoke. No matter, at least we get to read about any new developements. Trying to extricate info from the EB people is extremely difficult. Worst scenerio we go private, next worst we have another reverse split, next company fails to satisfy Congress Bank or finally company does not merge with Coleman as we have envisioned.
I am not bothered by today's action because the people who really count (CEO, VP, COB, GM, Manfred Unger, Mr. Edelson, S. Song and 1.7mm shares) have not sold. If you check the Level2chart you will see a block trade of 157,300 shares at 0.02 under the bid price. I suggest you call the president of SEED Corp-he will tell you that Kit Kung-the former CEO of GCHC/Brighton has been dumping shares of this company for the past 14 months. There is also the strong possibility that a market maker-who has strong ties with an ex-con may have put through a paper trade. Unigel plant is a money maker and soon to be divested. Then you can ask more questions regarding GCC's future. Till you read the SEC filings-just sit back and enjoy the charade.
Progres being made as the dispute with old leasee has been settled. The SEC filings will be released on time as of today, but an extension is not out of question. Company has no comment on merger situation nor wil discuss share price. As more facts come in, I will try to keep updating. Company policy is to speak with any investor that calls but the most imporant issues will ONLY be addressed through SEC filings.
dailynews.yahoo.com/h/cn/20010318/tc/
Level2charts.com has all tading info for this company. Looks like bid dropping to .008 tomorrow. I wonder what Pond did with all those shares they bought fot a nickel?
This is a very interesting article on the stock market and why we all must ignore our brokers advice or CNBC analysts. http://washingtonpost.com/ac2/wp-dyn/A6788-2001Mar14?language=printer This subject has nothing to do with GCC. Just may be of interest to some investors for future reference. Regarding GCC-the lawyers and principles are working on the Unigel sale. As soon as sale is cleared the auditor will start crunching the numbers for the 10k & 10q. Let us hope this long silence will be golden.
Spoke with the ceo regarding release of 10q. He said, they 10q and 10k, would be out as soon as all the stats can be compiled. They will not be put out just to satisfy the urgency of a few investors. The company has obligations to a few more pressing matters than the release of the sec filings. Quadrax management team intends to file before 20th of April.
There was a PR yersterday put out on businesswire at approx. 3:35 pm EST. It gave the new office number where investors may reach this company and the CEO-Thomas Desmond. If you make a call-please post any information that is obtained. This site is here to inform and desminate the news of Quadrax Corp. Please respect your fellow investors and hopefully this company will turn around for all us involved. Thanks.
You hope so and so do the rest of us investors. My main concern after this sale is where GCC is headed and talking with the largest individual investor in this company. He has his doubts about the abilities of the present management team. These guys in England apparently don't get the picture. We as investors need to be kept informed by US standards not some archaic mid century format. There must be a free and open discourse between the company exec's and us investors. Just like Gary Robinson promised in the last SEC filing & press release. I'm just hoping that the profits from Unigel don't get diluted into greedy self-interests. If their interests don't lie first to us investors, the court system will take care of the little cash rewards they get out of being selfish. Stay tuned.
I think we should be getting some news regarding the Unigel situation. The gal I spoke with at the Unigel plant in China said a sale was in the works. Where GCC goes from there is up to Gary Robinson and I have not been able to contact him. I am under the impression that he won't speak with individual investors. Time, maybe, to make some changes in the management team.
Article in one of the trade magazines states that 90% of the state run companies in China are losing money. Private companies on the otherhand are showing profits. Won't be too long before China's heads will have to see the light. The military will somehow have to be appeased. This will be a big year for the Chinese economy.
Mexico and China will meet in the next few weeks to discuss the WTO. Mexico is the last country in the WTO that has not given the okay for China to become a member. Mexico states that it will vote yes after these upcoming talks.
The Chinese new years ends today and stock market in China resumes Feb 5th. Lastest story on WTO talks are discussed here: http://www.chinaonline.com/topstories/010201/1/c01020157.asp
I find it interesting to read that Taiwan is holding out on reforms needed to enter the WTO. Whereas China is cleaning house and is doing everything in reason to enter. Why would our ally be the one resisting change?
There is no word from GCC headquarters as to the future plans for our company. The boys from Brit have failed to implement their past promises and also seem uninterested in keeping investors up-to-date. A change of the guard is apparent. Lawyers, auditors and directors are keeping mum on any information. Our only resource is time.
Any input from investors who have made contact with management would be appreciated. No need to post old news or opinions. Till a PR is filed I'll just try and post China related news stories.
The latest news from WTO China talks can be found at this site. http://www.wto.org/english/news_e/news_e.htm
Also of note- ML"s head Asian analyst says that only 3 internet plays will succeed in China...SINA, SOHU and CHINA. Of course he added that analysts had misled and were wrong on other calls dealing with the dot.coms in China/Asia.
The great thing about speculation-it is either right or wrong.